Fortune 500 – Wikipedia

ALL 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Initiated by Edgar P. Smith in 1955, the Fortune 500 is a renowned annual ranking that lists the top 500 U.S. corporations based on their gross revenue. Originally, it focused on sectors like manufacturing, mining, and energy exploration, but broadened its scope in 1994 to include service companies. This list plays a crucial role in reflecting the U.S. economy, as the companies featured represent two-thirds of the U.S. Gross Domestic Product (GDP) and generate substantial revenue, profit, and global employment^[1]. As an eagerly awaited yearly announcement, the Fortune 500 provides a glimpse into the U.S. corporate landscape and mirrors the changes and trends in diverse industries.

Terms definitions

1. ↑ employment. Employment, a key socioeconomic concept, signifies a worker offering their skills and labor to an employer in exchange for compensation. This association is typically characterized by a contract, stipulating the duties and anticipations of both entities. The configuration of this relationship, including the employer's degree of authority over a worker, can notably influence productivity and job contentment. Moreover, employment is regulated by numerous laws and regulations that vary across nations. These laws may oversee elements ranging from contract formats to salary norms. The quest for employment can also trigger certain societal challenges, like age bias and wage disparity. In essence, employment is a multifaceted relationship that includes elements of law, economics, and social policy. It's also worth highlighting that there are alternatives to conventional employment, such as self-employment or continuing education.

« Back to Glossary Index